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Jul 4, 2016

Free CCI Arrow Indicator-mq4

     Free CCI Arrow Indicator-mq4
CCI Arrow indicator is a very handly little indicator which will show an arrow each time the CCI croses the 0 line( marking it with the red or blue arrow) ,the arrow indicator will draw an arrows in the specified direction of the cross without the need of putting the CCI indicator on the chart , to help you decide whether to go short or long. Many pro traders will swear by the CCI indicator since it is one of the great indicators which comes in the default metatrader pakage. It has a minimal lag and a relatively high accuracy. The CCI is good to determine the market situation to know whether we are in bearish or bullish condition. It can be used for long term trend on higher timeframes or for daytrading on lower timeframes. This indicator will be helpful for those trader who prefer to keep it simply and abstain from clustering their charts with lots of indicator windows.

    Trading Signals:
Buy :Signals for buy (blue arrow pointing up)
sell :Signals for sell( red arrow pointing down)
You should know that you do not enter the trade if the signals os contradicting the current general trend.If it is uptrend and you get a blue arrow-go long,if it is downtrend and you get blue arrow -close short position but do not go long,if you get red arrow-go short,if chart goes sideways and you get blue or red arrow-feel free to go long or short resectively.
    Indicator Preference:
Currency pairs: any
Time frame: any
Trading sessions:any
    Configurable Indicator Options:
CCI_Period(default=14).The indicator parameter is the default CCI period which is length the CCI will go back in history , the longer =the smoother but more lag.

How to use a custom indicator on your charts:
Step1: Dowload the mq4 file into your c:\Prom File\Meta Trader4\MQL4\Indicators
Step 2: Open your MT4
Step 3: Locate the Navigator Panel.
Step 4: On the Navigator ,find custom Indicators .
Step 5:Click Custom indicators ,and you should see your newly installed indicator.
Step 6:Double click the indicator and the Indicator Properties window will appear.
Step 7: Click OK.

Free Download:

1 comment:

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